The following information is available for Marigolds Chocolates:

Actual production		4,400	boxes
Budgeted production		3,660	boxes

Direct Materials
Standard	2 pounds of chocolate per box @ $6.00 per pound
Actual	7,700 pounds purchased @ $6.10 per pound
	8,200 pounds used

a) Calculate the direct materials price and quantity variances.

Direct material price variance		$	UnfavorableFavorableNeither Favorable nor Unfavorable
Direct material quantity variance		$	Neither Favorable nor UnfavorableFavorableUnfavorable